Fortune (July 1)
“Consumer spending is weakening. The job market is getting worse for workers. And U.S. stock investors are loving it. The S&P 500 rose 0.52% yesterday, hitting an all-time high for the second day in a row.” The surging market suggests “investors don’t anticipate anything dramatic like a mass selloff.” Their optimism seems to be pinned on hopes that “the deteriorating macro picture” will convince the Federal Reserve to “cut interest rates sooner rather than later. And cheap money is usually good for stocks.”
Tags: All-time high, Consumer spending, Fed, Investors, Job market, Mass selloff, Optimism, S&P 500, Stocks, Surging, U.S., Weakening, Workers
Men’s Journal (July 1)
“For years, the U.S. has issued cautionary travel advisories to citizens heading overseas. But in a surprising twist, the roles have flipped. Several countries, including longtime allies like Australia, Canada, and the U.K., are now warning their citizens about traveling to the United States.” The warnings cite violence, mass shootings, detention, and other items. “Germany, France, Denmark, and Finland all issued warnings about new U.S. gender marker policies that may affect travelers who use ‘X’ or nonbinary identifiers.” Due in part to these warnings, the World Travel & Tourism Council is projecting a “$12.5 billion decline in international tourism revenue to the U.S. in 2025.”
Tags: $12.5 billion, Allies, Australia, Canada, Citizens, Denmark, Detention, Finland, France, Gender, Germany, Mass shootings, Nonbinary, Overseas, Travel advisories, U.K., U.S., Violence, Warnings
